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| Apple Files $1 Billion Suit Against Chip Supplier Qualcomm | |
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| Tweet Topic Started: Jan 20 2017, 06:12 PM (280 Views) | |
| Demagogue | Jan 20 2017, 06:12 PM Post #1 |
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http://www.oann.com/apple-files-1-billion-lawsuit-against-chip-supplier-qualcomm/ January 20, 2017 By Diane Bartz (WASHINGTON) – Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, following a U.S. government lawsuit which accused the chip maker of using anti-competitive tactics to maintain its monopoly of a key semiconductor in mobile phones. Qualcomm is a major supplier to both Apple and Samsung for “modem” chips that help phones connect to wireless networks. Together the two accounted for 40 percent of Qualcomm’s $23.5 billion in revenue in its most recent fiscal year. In the lawsuit, Apple accused Qualcomm of overcharging for its chips and for refusing to pay some $1 billion in promised rebates for chip purchases. Apple said in its complaint that Qualcomm withheld the rebates because of Apple’s discussions with South Korea’s antitrust regulator, which fined Qualcomm for what it called unfair practices in patent licensing. |
| People sleep peacefully in their beds at night only because rough men stand ready to visit violence on those who would do them harm. | |
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8:44 PM Jul 10